Bonus Issue To Watch This Week — V-Mart Retail
V-Mart's board has set June 23 as the record date to determine the shareholders eligible for the bonus issue.
V-Mart Retail Ltd.'s bonus issue of shares is scheduled in the upcoming week, with the record date for the same set as Monday, June 23.
The record date is crucial to determine which shareholders are entitled to receive the bonus shares. The date is announced in advance, and only those who hold the shares in their demat account as of this record date will be eligible for the bonus allotment.
V-Mart Bonus Issue Details
V-Mart's board has recommended an issue of bonus shares in the ratio of 3:1 with a face value of Rs 10 each. The record date to determine the eligible shareholder is set for June 23.
Under India's T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible. This means that purchases made on the record date itself will not reflect in the demat account in time.
Q4 Earnings Highlights
The fashion retailer's revenue from operations rose by 17% to Rs 780 crore in the fourth quarter, compared to Rs 669 crore in the same period of the previous fiscal year.
The company also swung into profit, logging a bottomline of Rs 19 crore in the March 2025 quarter as against a net loss of Rs 39 crore in the year-ago period.
Expansion Plans
In March, V-Mart's Chief Financial Officer Anand Agarwal told NDTV Profit that the company is set to expand aggressively, adding at least 50-60 stores annually. He emphasised the company’s commitment to sustainable growth, targeting a 10-12% annual increase in retail space.
"For the next year, that should translate to 60-odd stores, with an additional 10 stores the following year. A yearly addition of over 60 stores is the right number to consider," he said.
